There are several myths associated with the process of buying a home. It's important to be aware of these to make informed decisions.

You need a perfect credit score to buy a home:

While a higher credit score can certainly help you secure a better interest rate, you don't necessarily need a perfect credit score to buy a home. Many lenders offer mortgage options for individuals with varying credit scores.

You must have a 20% down payment:

This is a common misconception. While a 20% down payment can help you avoid private mortgage insurance (PMI), it's not a strict requirement. Many buyers put down much less and explore options that accommodate smaller down payments.

Buyers handle closing costs:

One common home buying myth is that the buyer always handles closing costs. While it's true that buyers often have certain closing costs to cover, the idea that they always bear the entire burden is a misconception. Closing costs are negotiable, and in many cases, sellers may contribute to or cover some of these expenses.



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►► For your home buying or selling needs, you can reach us at [email protected] or 727.378.2290

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